CALGARY, AB / ACCESSWIRE / November 30, 2015 / Strongbow Resources Inc. (OTCQB: STBR) ("Strongbow" or the "Company") would like to provide an update to shareholders with regards to a possible industry change, which the company is currently working on.
As the oil and gas industry continues to struggle, Strongbow sees no stable fit in continuing with a market that presents a strong downward pressure and no appetite for investment. A variety of junior & major O&G companies are spending a lot of time and money restructuring in hope of survival, with only a dark hole ahead. Strongbow, previously went through a long restructuring stage and now feels its time to enter into a more remote and lucrative industry such as renewable energy and innovated technology. There are many valid points to be involved in the area of clean energy and innovation. Not only is it profitable, but also we can contribute in taking part of reducing the carbon footprint and making a difference in today's environment.
Michael Caetano, President and CEO stated, "We are currently in discussion with a few companies in finding a synergy with their related products. I'm excited about the upcoming changes and believe this will put Strongbow in a better place of interest for most investors and help enhance our shareholder value."
Strongbow will continue to hold its Compeer asset until it finds a suitable buyer and use the proceeds towards its company debit with the hope of being cash positive after all debit has been paid.
Strongbow will update its shareholders as it makes reasonable progress and looks forward to its positive changes.
About Strongbow Resources Inc.
Strongbow Resources Inc. is a publicly-listed junior oil and gas production, development and exploration company, with properties located in Western Canada. Strongbow is engaged in the business of seeking out, evaluating and acquiring working interests in oil and gas projects, domestically and internationally, which it plans to enhance through its technical, operational and financial efforts. Strongbow operates as Big Lake Energy Ltd. in Alberta and as Strongbow Resources Inc. in Saskatchewan. The Company's common shares trade on the OTCQB US Exchange under the symbol STBR.
Forward-Looking Statements:
This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which the Company has little or no control. The Company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.
On behalf of Strongbow Resources Inc.
Michael Caetano
President and Chief Executive Officer
Strongbow Resources Inc.
1.403.241.8912
mcaetano@strongbowinc.com
SOURCE: Strongbow Resources Inc